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20121229
20121229
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. democratic congressman jesse jackson junior of illinois was re-elected even though he was absent for months due to mental health issues and underfederal investigation, for misusing congressional resources. weeks after the election, he resigned. during the campaign, allegations surfaced ta pro-life republican congressman scott day jar lay of tennessee had urged his pregnant mistress to get an abortion a decade ago. he denied she was pregnant or had an abortion and he was re-elected by 12 points. number five, libor pants on fire. even if you've never heard of libor, it probably has an impact on your finances the trt rates on mortgages and credits cards are determined in part at the rate banks borrow from each other called libor. in june, barclays paid more than half a million dollars for manipulating the interest rates and investigations are still on going. the sheer scale of it is huge. it made bernie madoff look like a skid row pickpocket. >>> number four, big trouble in communist china. everybody thought one of the most powerful politicians in china party chief boojili was getting rid of c
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